Why Most Nigerians will Remain Poor
Today, I want to talk with You about Why Most Nigerians are broke and unfortunately why most will remain broke.
Have You considered why someone can work for 35 years and still retire broke?
You may say it’s because they were extravagant or they did not invest but that is only a secondary reason.
The major reason is because they held most of their earnings in Fiat or Paper Money (be it Naira, Dollar, Euro or pounds) and you could be making the same mistake yourself.
The fact is that Paper Money is always depreciating in value because the Government of every nation has the right to print their currency and the more currency they print, the less valuable that currency becomes.
The last time I checked, inflation was at 17.6%, it could be more now; this means your savings has lost value by 17.6%.
So when your Landlord increases your rent, it doesn’t mean his house has appreciated or he has renovated the house, he is just telling you that Naira has lost value and he needs more Naira to get value for his property.
When your children’s school increases their fees, it doesn’t mean that they have hired better teachers; they are just saying your Naira has lost value.
Do you know that when the masses protest for an increase in salary or minimum wage, they are actually doing the rich the favour of making them richer?
Oh Yes, the rich benefits more from the protests than the masses themselves who are on the street protesting.
Let Me explain…
If the Government increases minimum wage to N50,000 from the current N18,000 for example; the Government will have more Money from You since the value of the 10% they get from you as tax would have increased.
You will also have more Money since minimum wage has been increased.
Guess what will happen…
Inflation will set in.
We were taught in basic Economics that when there’s too much Money in circulation the prices of Goods & services will increase.
So house rent will increase…
Let me ask you, who own the houses?
The Rich or the Poor?
School fees will increase…
Who own the schools?
Transport fares will increase…
Who own the buses and the airlines?
So you see that it’s only a matter of time and all the Money would have returned back to the Rich and the masses will yet get on the street again for another round of protests that will yet make the Rich richer.
It’s a rat race, this cycle has continued for far too long.
The way out is an investment in Cryptocurrency… A currency that only appreciates, never depreciates… that is what the rich are investing in right now.
Men like Bill Gates and Richard Branson have not only endorsed it but have acknowledged that they are heavy investors in it.
That’s why I’m inviting you for a Cryptocurrency Webinar (that is, an Online Seminar).
You do not need to travel or commute, right from the comfort of your home from your Smartphone, Tab or Laptop you are on for that 1 hour that can change your Financial Life forever.
This free Webinar is holding this Sunday by 5pm.
And you should plan to attend because what you don’t know, you just don’t know and until you change your approach, the reproach may continue.
I say congratulations to You in advance.
Remember, You are MADE FOR MORE; You are MORE THAN THIS.
Kindly share this page by clicking on the share buttons by the left of this post to create awareness for the Webinar, help somebody get out of poverty by sharing this post.
About the Author
Dan Ewah fondly called "Dannish" by his buddies is the President of WittyGiants, an organization with the Vision of making wealth more accessible to more people by bringing Financial Freedom Opportunities to its community. Dan is so passionate about impacting lives and to see the stories of people change for the better; this passion is infectious and so far, hundreds of people are testimonies to this committed passion. You can follow us on Facebook https://facebook.com/wittygiants and Twitter https://twitter.com/wittygiants